Obama: the central planning will continue until innovation improves

It turns out somebody should have watched the State of the Union speech. Obama proposed yet another bad, Soviet-style, central planning program to fix the economy.

Roll Call:
At a closed-door meeting between President Barack Obama and House Democrats, [Michigan Democratic Rep. Dan] Kildee introduced himself as a freshman, to which Obama said, “Wow, you’re really classing up the place then.”

Kildee then proceeded to ask what one person described as a somewhat “long-winded” question about the importance of creating jobs for his economically distraught district.

“I can tell you’re a freshman because you didn’t pay much attention to the State of the Union,” Obama joked. “I talked about that.”

Amid the resulting laughter, House Democratic Caucus Chairman Xavier Becerra of California then offered to provide Kildee a printout of the speech.

Obama was referring to his $1 billion proposal for 15 manufacturing “innovation centers,” the details of which are still somewhat hazy.
Because nobody does innovation like federal bureaucrats.

Weren't there about 15 districts in The Hunger Games? One Innovation Center for each of them. How convenient.

Little known fact: Thomas Edison invented light bulbs thanks to a grant from the federally-funded Menlo Park Innovation Center. And Henry Ford got the idea for the assembly line while watching the efficient processing of paperwork by a line of clerks at the Detroit Innovation Center.


Negocios Loucos said...

Check out Top Gear's series asking the question - did communism ever produce a good car?

Click here for communism's gems

Anonymous said...

Skoda's weren't bad.

Doo Doo Econ said...

"Good car" is a relative term because we can do a side by side comparison to privately produced cars. If only govts created cars, communism might have made average quality vehicles.

If you need an example of innovation look at the Soviet spy system in America. They stole most of our good military inventions, gave us the ACLU, the "make love not war" movement and made some good listening devices for spying on people.

French govt medicine gave us RU486. That was innovative for horney politicians.

Innovation doesn't have to benefit the public. That is Americentrism by greedy capitalists.

Negocios Loucos said...

Doo Doo, that seems odd to qualify cars that way. The point is that the private sector makes better cars than governments no? To exclude the private sector would make the Soviets the greatest car producers in history since I'm unaware of a government made vehicle here. Even our military vehicles are made by the private sector.

Second point, the Soviet spy machine was not entirely run on capitalism. It was successful because of die hard zealotry, brainwashed agents, and psychopathy. The spy business didn't produce a product. It only satisfied a nutball paranoia and in few cases actually provided useful data. But still that data was not used to produce a product. I think it's an unfair comparison.

And greedy capitalists? Is that redundant?

Innovation only has to create demand and there you have an economy. But why does there have to be a public benefit other than adding to the economy. Think of cocaine, without it we'd have millions of people impacted by having revenue streams from the war on drugs reduced. Cocaine is bad for society, while illegal, but super for those generating income "fighting" it. Without this horrible illegal demon powder we'd have tons of unemployed people and dear god that would be horrible. Thank goodness HSBC provides them a laundering service endorsed by the US Government or we'd have a depression.....

Dr. Diggler said...

^ Say goodnight, Gracie.

Happy Super Tuesday!